$DYLLF : Deep Yellow Limited — PFS Presumptions

Long-Term Price Case$65/lb. U308
Flagship ProjectTumas
Mineral Reserves96.2 Mlbs.
Shares Outstanding244,890,000
Market Cap$44,080,200
Average Annual Production5 Mlbs.
Recovery97%
LoM19 Years
Payable Product93,314,000 lbs.
True All-in Cost (TAIC)$50.67/lb.
Gross Revenue$6,065,410,000
Total Operating Costs($2,886,000,000)
Operating Profit$3,179,410,000
Income Taxes($1,192,278,750)
Total Capital Costs($‭650,000,000‬)
Net Income$1,337,131,250
Net Profit Margin22%
Absolute Cost Structure (ACS)78%
MTQ Score (Higher is Better)0.3
True Value$5.46/sh.
Cash Flow Multiple11x
Annual Cash Flow$70,375,329
Future Market Cap$774,128,618
Future Market Cap Growth1,656%
Target$3.16/sh.

Deep Yellow Limited and NexGen Energy represent two of NuChemICF’s largest equity stakes at 5% and 7% respectively.

We recently migrated our equity stakes in Forsys Metals, GoviEx, Denison Mines and Fission Uranium into these high-conviction names. In a word, we are aggressively concentrated.

About the PFS Presumptions

They are just that: presumptions. And it’s important to remember that Deep Yellow will be a multi-project interest with a global footprint, so Tumas is just one piece of the puzzle.

6 Comments

Hello, shouldn’t you take into account the dilution that is going to happen in deep yellow? I think you are calculating everything like there would be no dilution?
Another question why did you exit VAALCO?
Thank you

Alex,

Dilution is implicit in the utilization of full presumptive CapEx, rather than by simulating share dilution. We could have simulated an equity raise, revolver, royalty, and debt issue, while halving model CapEx, but the result would be the same: zero-sum, per the presumptions.

We exited Vaalco for the same reason we exit anything: a better opportunity arose.

Tom

Do you have any positions left in Goviex,Denison, Fission and Firsts? If you cannot give percentages … just list them in descending order of percentages or if you don’t hold any anymore.. say no for any. Sorry to ask but I am not computer savvy … too old

Senger,

We no longer maintain stakes in GoviEx Uranium, Denison Mines, Fission Uranium, or Forsys metals. All capital formerly allocated to the aforementioned names has been driven into Deep Yellow Limited & NexGen Energy.

Tom

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